WINWHOLESALE IS PLAYING TO WIN WITH BUSINESS CREDIT SERVICES

GE UNIT SIGNS AGREEMENT WITH NATIONAL WHOLESALE DISTRIBUTOR

JACKSONVILLE, FLA. -November 22, 2004 - WinWholesale, Inc., (WinWholesale) and Business Credit Services, a unit of GE that provides innovative, business-to-business finance programs, recently signed an exclusive agreement to provide receivables management and marketing solutions to WinWholesale customers, through an open account trade credit program. The new program will be introduced to WinWholesale's nationwide customer base and is expected to help the company extend its market reach, increase operating efficiencies, lower expenses and free working capital.

As part of the agreement, WinWholesale's customers will be able to take advantage of Business Credit Services' state-of-the-art systems and customized financial solutions. The program will provide open account trade credit and an extended suite of service capabilities including instant credit, online account information and monthly statements directly linked through the WinWholesale Web site. The enhanced open account credit services will be available to customers at all locations nationwide.

Headquartered in Dayton, Ohio, WinWholesale is a collection of over 400 independent wholesale distributors in major industry segments; Winnelson (plumbing supplies), Windustrial (industrial equipment, large-scale piping commercial valves and fittings), Winlectric (electrical supplies and products), Winair (heating, ventilation, air conditioning, and refrigeration), Wintronic (electronic parts and equipment), Winwater Works (waterworks and utility supplies); Winsupply (includes Winfastener and Winpump).

"We are very excited to partner with WinWholesale to provide financial solutions that stimulate growth," said Chris Little, vice president and general manager of Business Credit Services. "WinWholesale has a proven track record of excellent customer service and our customized programs will help the company achieve cost efficiencies while focusing on growth opportunities. We're looking forward to a long-term relationship."

Through its innovative business-to-business finance programs, Business Credit Services helps companies increase sales and accelerate cash flow, while reducing operating costs and credit risks. Its integrated solutions are structured so that all customer touch points, such as billing and customer service, are performed under the client's brand.

"The relationship with Business Credit Services will enhance and support our organization's entrepreneurial philosophy of providing local ownership and corporate services capabilities. It will also provide an important foundation to take our customer servicing capabilities to the next level, while also providing us financial flexibility, ability to reduce debt, and accelerate our growth and acquisition strategies," said Jack Osenbaugh, chief operating officer of WinWholesale.

About WinWholesale
WinWholesale is a collection of independent corporations that are wholesale distributors of plumbing supplies, industrial equipment, heating and cooling materials, electrical equipment, waterworks supplies, pumps, fasteners, and electronics. Sales in 2003 totaled $1.1 billion. Additional information about WinWholesale can be found on the Internet at www.WinWholesale.com.

About GE and Business Credit Services
Business Credit Services, based in Jacksonville, Fla., provides receivables management programs and marketing solutions in the business-to-business arena that support the distribution of product throughout the supply chain. Its solutions include business process outsourcing (BPO) of open account trade credit, private label revolving credit programs, receivables financing and inventory financing for national and regional clients. More information can be found online at www.gebcs.com. GE (NYSE: GE) is a diversified technology, media and financial services company dedicated to creating products that make life better. More information about GE can be found online at www.ge.com.

# # #
For further information, contact: Mariane Ceballo at (203) 585-6696.